−Removed: Our corporate headquarters is located in Beaumont, Texas where we lease approximately 6,380 square feet of office space and 7,320 square feet of warehouse space.
−Removed: Our office space is leased pursuant to two one-year leases which both expire on December 31, 2025.
−Removed: Our warehouse space is leased pursuant to a one-year which expires July 31, 2025.
−Removed: We expect to be able to extend these leases prior to their expiration on commercially reasonable terms.
−Removed: Our office space contains engineering, manufacturing, research and development and administrative functions of the Company.
−Removed: Our warehouse space houses our inventory, stock items and quality control operations.
+Added: Our corporate headquarters is located in Houston, Texas where we rent private office space in a co-working facility.
+Added: Our office space is rented pursuant to a one-year agreement which expires on December 31, 2026.
+Added: We also lease a facility, approximately 5,000 square feet, in Beaumont, Texas pursuant to a one-year agreement which expires December 31, 2026.
+Added: Our Beaumont facility contains engineering, manufacturing, research and development and administrative personnel and stores most of our inventory.
We believe that our office and warehouse space is adequate for our current needs and, should we need additional space, we believe we will be able to obtain additional space on commercially reasonable terms.
+Added: We expect to be able to extend both agreements prior to their expiration on commercially reasonable terms should the space continue to align with the Company’s location and office strategy.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.